A demand schedule in the market is shown as follows:

Complete the chart at each point

b. Constitute the Demand Function

c. If supply function of a firm is S : Q = 2 + 2.5P, find the

equilibrium of the firm in the market.

d. Calculate Consumer's Surplus and Producer's Surplus

e. If the government set an official price in the market at P=6,

make a new graph showing this condition.

t. Define whether it is a "floor price" or "ceiling price"'

g. Count, how much is the "surplus" or the "shortage"'

h. From the equilibrium in letter c, if the government levies a

tax on sellers as much as 2, make a new demand function

and find a new equilibrium.

i. Make a new graph showing the shift of the curve.

j. How much the total taxes the buyers and the sellers to bear

each?

A demand schedule in the market is shown as follows: a. Complete the chart at each point b. Constitute the Demand Function c. If supply function of a rm is S : Q = 2 + 2.5P, nd the equilibrium of the rm in the market. d. Calculate Consumer's Surplus and Producer's Surplus e. If the government set an ofcial price in the market at P = 6, make a new graph showing this condition. r. Dene whether it is a \"oor price\" or \"ceiling price\" 3. Count, how much is the \"surplus\" or the \"shortage\" h. From the equilibrium in letter c, if the government levies a tax on sellers as much as 2, make a new demand function and nd a new equilibrium. i. Make a new graph showing the shift of the curve. j. How much the total taxes the buyers and the sellers to bear each